Bewildered wrote:

- quote -

The amount in Box 1 of your 2006 W-2 less any amount in
Box 11 is a safe harbor for IRA contributions.

--
Alan
http://taxtopics.net

<< ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >

I have a traditional IRA. In 2006 I had very little earned
income, but I did receive substantial back pay on a W2.
Would that be enough to allow a contribution to my IRA, or
does the pay have to be earned in 2006, rather than just
paid in 2006? I realize the IRS has no way to tell them
apart, but I like to do things properly.

<< ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >